IEP Financial, a Sussex-based advice firm, has completed the acquisition of RT Williams Ltd’s investment, pension and life insurance businesses. The deal has contributed £50m in assets under management and 200 clients to IEP Financial.
Chairman of IEP Financial, Ian Poysden, spoke about the transaction: “This was a marvellous opportunity to acquire the business of a well-respected Brighton firm.
“RT Williams approach in providing hands on client relationships fits strongly with our own culture at IEP – we have built a reputation for not only providing solid financial advice but one where our culture of personal advice and high service levels is paramount.”
Managing director of RT Williams, Christopher Williams, added: “Having researched suitable partners, IEP have a platform to allow clients to continue to receive a range of services with a great ethos of high standards for advice and help.
“The need for advice remains with all of our clients and the selection of the correct partner was a key essential to building this relationship and we are confident that the fit is right.”
Senior broker at Gunner & Co., Joshua Lee, commented on the trends in the consolidation market during the national lockdown: following a state of “uncertainty” in March where much trading was stifled, consolidation activity has bounced back after firms have adjusted to the ‘new normal’.